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675644
registered interest false more like this
date less than 2017-01-19more like thismore than 2017-01-19
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with relevant stakeholders on the potential effect on the UK's insolvency and restructuring regime of the UK leaving the EU. more like this
tabling member constituency Kirkcaldy and Cowdenbeath more like this
tabling member printed
Roger Mullin more like this
uin 60729 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-01-24more like thismore than 2017-01-24
answer text <p>Over the past few months the Government has engaged with businesses and key stakeholders up and down the country including those with interests in the UK’s insolvency and restructuring regime, and will continue to do so going forward. We are listening to their concerns and aiming to limit uncertainty in the transition to ensure our new relationship with the EU works for business.</p><p> </p><p>It is vital now, more than ever, that we have open and honest conversations about both the challenges that leaving the EU poses, but crucially also the opportunities that will become open to us.</p><p> </p><p> </p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-01-24T14:13:45.973Zmore like thismore than 2017-01-24T14:13:45.973Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4468
label Biography information for Roger Mullin more like this
675645
registered interest false more like this
date less than 2017-01-19more like thismore than 2017-01-19
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential effect on the UK's insolvency and restructuring regime of the UK leaving the EU. more like this
tabling member constituency Kirkcaldy and Cowdenbeath more like this
tabling member printed
Roger Mullin more like this
uin 60730 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-01-24more like thismore than 2017-01-24
answer text <p>Departments are undertaking a comprehensive analysis, including engagement with as many organisations, companies and institutions as possible, including those connected with the UK’s insolvency and restructuring regime. This will allow the Government to understand the impact that withdrawal from the EU will have on businesses and consumers, and to seize the opportunities of leaving the EU.</p><p> </p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-01-24T14:12:50.987Zmore like thismore than 2017-01-24T14:12:50.987Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4468
label Biography information for Roger Mullin more like this
751684
registered interest false more like this
date less than 2017-07-13more like thismore than 2017-07-13
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how many insolvencies and bankruptcies there were in (a) the UK and (b) Bolton in (i) the current financial year to date and (ii) each of the previous five financial years. more like this
tabling member constituency Bolton North East more like this
tabling member printed
Sir David Crausby more like this
uin 4927 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-07-20more like thismore than 2017-07-20
answer text <p><strong>Final answer to PQ 16545</strong></p><p>The Insolvency Service does not produce UK-level statistics on insolvencies: statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.</p><p>Statistics showing the number of bankruptcies, debt relief orders and individual voluntary arrangements are provided for each area since 2012 and can be found in the tables below. Bankruptcy, debt relief orders and individual voluntary arrangements apply to individuals only; regional breakdowns for the number of company insolvencies are not currently available.</p><p>The Insolvency Service compiles its regional Insolvency numbers statistics on a calendar year basis, therefore financial year totals are not available. Statistics for the calendar year 2016 were published on 13 July 2017, and statistics for 2017 are due to be published in July 2018.</p><p> </p><p><strong>Table1: Breakdown of total individual insolvencies, Bolton, 2012 to 2016</strong><sup>1</sup></p><p> </p><table><tbody><tr><td><p> </p></td><td><p><strong>Year</strong></p></td><td><p> </p></td><td><p><strong>Total individual insolvencies</strong></p></td><td colspan="2"><p><strong>Bankruptcies</strong></p></td><td colspan="2"><p><strong>Debt relief orders</strong></p></td><td colspan="2"><p><strong>Individual voluntary arrangements</strong></p></td></tr><tr><td><p> </p></td><td><p>2012</p></td><td><p> </p></td><td><p>555</p></td><td><p> </p></td><td><p>171</p></td><td><p> </p></td><td><p>69</p></td><td><p> </p></td><td><p>315</p></td></tr><tr><td><p> </p></td><td><p>2013</p></td><td><p> </p></td><td><p>486</p></td><td><p> </p></td><td><p>122</p></td><td><p> </p></td><td><p>64</p></td><td><p> </p></td><td><p>300</p></td></tr><tr><td><p> </p></td><td><p>2014</p></td><td><p> </p></td><td><p>473</p></td><td><p> </p></td><td><p>101</p></td><td><p> </p></td><td><p>76</p></td><td><p> </p></td><td><p>296</p></td></tr><tr><td><p> </p></td><td><p>2015</p></td><td><p> </p></td><td><p>388</p></td><td><p> </p></td><td><p>71</p></td><td><p> </p></td><td><p>69</p></td><td><p> </p></td><td><p>248</p></td></tr><tr><td><p> </p></td><td><p>2016</p></td><td><p> </p></td><td><p>447</p></td><td><p> </p></td><td><p>77</p></td><td><p> </p></td><td><p>80</p></td><td><p> </p></td><td><p>290</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p><strong> </strong></p><p><strong> </strong></p><p><strong>Table 2: Breakdown of total individual insolvencies, England and Wales, 2012 to 2016 </strong></p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Total individual insolvencies</strong></p></td><td><p><strong>Bankruptcies</strong></p></td><td><p><strong>Debt relief orders</strong></p></td><td><p><strong>Individual voluntary arrangements</strong></p></td></tr><tr><td><p>2012</p></td><td><p>109,640</p></td><td><p>31,787</p></td><td><p>31,179</p></td><td><p>46,674</p></td></tr><tr><td><p>2013</p></td><td><p>100,998</p></td><td><p>24,571</p></td><td><p>27,546</p></td><td><p>48,881</p></td></tr><tr><td><p>2014</p></td><td><p>99,223</p></td><td><p>20,345</p></td><td><p>26,688</p></td><td><p>52,190</p></td></tr><tr><td><p>2015</p></td><td><p>80,404</p></td><td><p>15,845</p></td><td><p>24,175</p></td><td><p>40,384</p></td></tr><tr><td><p>2016</p></td><td><p>90,619</p></td><td><p>15,006</p></td><td><p>26,196</p></td><td><p>49,417</p></td></tr></tbody></table><p><strong> </strong></p><p><strong>Table 3: Breakdown of total individual insolvencies, Scotland, 2012 to 2016 </strong></p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Total individual insolvencies</strong></p></td><td><p><strong>Sequestrations (of which LILA/MAP)<sup>1, 2</sup></strong></p></td><td><p><strong>Protected trust deeds</strong></p></td></tr><tr><td><p>2012</p></td><td><p>18,402</p></td><td><p>9,630 (3,886)</p></td><td><p>8,772</p></td></tr><tr><td><p>2013</p></td><td><p>14,250</p></td><td><p>7,189 (2,728)</p></td><td><p>7,061</p></td></tr><tr><td><p>2014</p></td><td><p>11,622</p></td><td><p>6,747 (2,533)</p></td><td><p>4,875</p></td></tr><tr><td><p>2015</p></td><td><p>8,785</p></td><td><p>4,477 (1,509)</p></td><td><p>4,308</p></td></tr><tr><td><p>2016</p></td><td><p>9,708</p></td><td><p>4,401 (1,824)</p></td><td><p>5,307</p></td></tr></tbody></table><p><em>Source: Accountant in Bankruptcy. </em></p><p><em><sup>1</sup></em><em> On 1 April 2008, Part 1 of the Bankruptcy and Diligence etc. (Scotland) Act 2007 came into force making significant changes to some aspects of sequestration (bankruptcy), debt relief and debt enforcement in Scotland. This included the introduction of the new route into bankruptcy for people with low income and low assets (LILA). Of the number or sequestrations, individuals who meet LILA criteria are shown in brackets.</em></p><p><em><sup>2</sup></em><em> On 1 April 2015, part of the Bankruptcy and Debt Advice (Scotland) Act came into force making significant changes to some aspects of sequestration (bankruptcy). This included the introduction of the Minimal Asset Process (MAP), which replaced the LILA route into sequestration; mandatory debt advice for people seeking statutory debt relief; a new online process for applying for sequestration; and an additional year for people to make contributions to repaying their debts (increasing from three years to four, in line with protected trust deeds).</em></p><p><strong>Table 4: Breakdown of total individual insolvencies, Northern Ireland, 2012 to 2016 </strong></p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Total individual insolvencies</strong></p></td><td><p><strong>Bankruptcies</strong></p></td><td><p><strong>Debt relief orders</strong></p></td><td><p><strong>Individual voluntary arrangements</strong></p></td></tr><tr><td><p>2012</p></td><td><p>3,189</p></td><td><p>1,452</p></td><td><p>506</p></td><td><p>1,231</p></td></tr><tr><td><p>2013</p></td><td><p>3,373</p></td><td><p>1,347</p></td><td><p>593</p></td><td><p>1,433</p></td></tr><tr><td><p>2014</p></td><td><p>3,395</p></td><td><p>1,367</p></td><td><p>536</p></td><td><p>1,492</p></td></tr><tr><td><p>2015</p></td><td><p>2,690</p></td><td><p>1,071</p></td><td><p>472</p></td><td><p>1,147</p></td></tr><tr><td><p>2016</p></td><td><p>2,582</p></td><td><p>997</p></td><td><p>366</p></td><td><p>1,219</p></td></tr></tbody></table><p><em>Source: Department for the Economy, Northern Ireland</em>.</p><p>It should be noted that these figures do not account for any changes in the base population over time. Using the rate of bankruptcies per 10,000 adults allows for a like-for-like comparison across years.</p><p>Headline figures for insolvencies in England and Wales can be found in the quarterly <em>Insolvency Statistics</em> release, a National Statistics publication. Figures for January-March 2017 were published on 28 April 2017, and can be found here: <a href="https://www.gov.uk/government/statistics/insolvency-statistics-january-to-march-2017" target="_blank">https://www.gov.uk/government/statistics/insolvency-statistics-january-to-march-2017</a></p><p>Annual numbers and rates of insolvencies by region for 2000-2016 are available in the <em>Individual Insolvencies by Location, Age and Gender</em> publication</p><p><a href="https://www.gov.uk/government/statistics/individual-insolvencies-by-location-age-and-gender-england-and-wales-2016" target="_blank">https://www.gov.uk/government/statistics/individual-insolvencies-by-location-age-and-gender-england-and-wales-2016</a>.</p>
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-07-20T09:53:18.637Zmore like thismore than 2017-07-20T09:53:18.637Z
answering member
4115
label Biography information for Margot James more like this
tabling member
437
label Biography information for Sir David Crausby more like this
780669
registered interest false more like this
date less than 2017-10-30more like thismore than 2017-10-30
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what comparative assessment he has made of the number of companies in England and Wales that registered for insolvency between September 2016 and September 2017 and the preceding 12-month period. more like this
tabling member constituency Aberavon more like this
tabling member printed
Stephen Kinnock more like this
uin 110260 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-06more like thismore than 2017-11-06
answer text <p>The Insolvency Service produces quarterly statistics on the number of new insolvencies for companies and individuals in England and Wales. The most recent statistics, covering the period July to September 2017, which include a comparison with previous periods, were published on Friday 27 October 2017 on Gov.UK.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-11-06T14:11:58.407Zmore like thismore than 2017-11-06T14:11:58.407Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4359
label Biography information for Stephen Kinnock more like this
792809
registered interest false more like this
date less than 2017-11-20more like thismore than 2017-11-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to publish a review on insolvency regulations. more like this
tabling member constituency Sefton Central more like this
tabling member printed
Bill Esterson more like this
uin 114736 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-23more like thismore than 2017-11-23
answer text <p>The Government continually monitors the UK’s world class insolvency regime to ensure that the legislation remains fit for purpose and forms part of the foundations of a strong economy in which access to credit is widely available for business and consumers.</p><p> </p><p>My Rt hon Friend the Secretary of State, through the Insolvency Service, also acts as oversight regulator for the insolvency profession itself. The Insolvency Service will publish its next annual review of insolvency practitioner regulation in spring 2018. This publication provides detail of the regulation of the insolvency profession, including a review of activities undertaken by the Insolvency Service and action taken by regulators against their member insolvency practitioners.</p><p> </p><p> </p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-11-23T12:04:38.59Zmore like thismore than 2017-11-23T12:04:38.59Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4061
label Biography information for Bill Esterson more like this
793027
registered interest false more like this
date less than 2017-11-21more like thismore than 2017-11-21
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Exiting the European Union with reference to his Department's paper Providing a cross-border civil judicial cooperation framework: a future partnership, published in August 2017, what steps he is taking to ensure that UK insolvency and restructuring procedures and judgements will continue to be recognised across the EU after the UK leaves the EU. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 114812 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-27more like thismore than 2017-11-27
answer text <p>The Government’s Civil Judicial Cooperation Future Partnership Paper of August 2017 makes clear that an effective framework of civil judicial cooperation, which includes insolvency law, is an important part of the deep and special partnership we want to establish with the EU. It is in the interests of the UK and the EU that there continues to be an effective framework for resolving cross-border legal disputes after we leave.</p><p>This will provide confidence and certainty to families, business and individuals, ensuring they can continue to settle cross-border disputes efficiently and effectively in the future. The current rules, on which we hope to model a new agreement, provide a legal route to resolving often difficult or desperate situations.</p><p>The exact future relationship between the EU and UK on civil judicial cooperation, including the recognition of insolvency and restructuring procedures and judgments, is subject to negotiations with our EU partners.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-11-27T11:20:26.107Zmore like thismore than 2017-11-27T11:20:26.107Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4488
label Biography information for Martyn Day more like this
793028
registered interest false more like this
date less than 2017-11-21more like thismore than 2017-11-21
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's consultation paper A review of the corporate insolvency framework, published in May 2016, which proposals have been identified as priorities for implementation. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 114813 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-27more like thismore than 2017-11-27
answer text <p>Following the publication of the summary of responses to the consultation in September 2016, the Government has continued to engage with a very wide range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
grouped question UIN 114814 more like this
question first answered
less than 2017-11-27T11:19:55.25Zmore like thismore than 2017-11-27T11:19:55.25Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4488
label Biography information for Martyn Day more like this
793029
registered interest false more like this
date less than 2017-11-21more like thismore than 2017-11-21
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department has taken to implement the recommendations of the Insolvency Service consultation on the corporate insolvency framework; and what plans he has to reform the current system. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 114814 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-27more like thismore than 2017-11-27
answer text <p>Following the publication of the summary of responses to the consultation in September 2016, the Government has continued to engage with a very wide range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
grouped question UIN 114813 more like this
question first answered
less than 2017-11-27T11:19:55.187Zmore like thismore than 2017-11-27T11:19:55.187Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4488
label Biography information for Martyn Day more like this
793898
registered interest false more like this
date less than 2017-11-22more like thismore than 2017-11-22
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy if he will bring forward legislative proposals to facilitate the restructuring at an early stage of viable businesses in order to prevent their insolvency and any adverse consequential effects on other firms and jobs in the supply chain. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 114987 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-11-27more like thismore than 2017-11-27
answer text <p>Government has recently consulted on whether improvements could be made to the existing restructuring options available within the insolvency regime. A summary of responses to this consultation was published in September 2016. Government has continued to discuss the proposals with interested parties and the issues that they raised since this time. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-11-27T11:41:37.673Zmore like thismore than 2017-11-27T11:41:37.673Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4488
label Biography information for Martyn Day more like this
802700
registered interest false more like this
date less than 2017-12-07more like thismore than 2017-12-07
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency remove filter
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the effectiveness of the corporate insolvency framework. more like this
tabling member constituency Sefton Central more like this
tabling member printed
Bill Esterson more like this
uin 118249 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-12-12more like thismore than 2017-12-12
answer text <p><strong> </strong></p><p>In May 2016 the Government published its Review of the Corporate Insolvency Framework consultation. The consultation contained a package of proposals to improve the rescue opportunities for financially-distressed companies.</p><p> </p><p>Following the publication of the summary of responses to the consultation in September 2016, the Government has continued to engage with a very wide range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.</p><p> </p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2017-12-12T15:27:17.297Zmore like thismore than 2017-12-12T15:27:17.297Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4061
label Biography information for Bill Esterson more like this